$12 trillion Charles Schwab expected to debut spot Bitcoin, Ethereum trading this quarter
Crypto Briefing
Brokerage giant Charles Schwab plans to launch direct spot Bitcoin and Ethereum trading for retail clients later this quarter.Summary
Charles Schwab, managing over $12 trillion in assets, is set to introduce direct spot trading for Bitcoin and Ethereum this quarter. The service will be integrated into the firm's existing brokerage infrastructure, allowing retail investors to trade without needing separate crypto wallets or third-party accounts. This move marks a shift from the firm's previous reliance on indirect crypto exposure through ETFs and futures, positioning Schwab to compete directly with platforms like Coinbase and Robinhood. The service will be managed by its subsidiary, Charles Schwab Premier Bank, SSB, with a phased rollout starting with internal testing.
(Source：Crypto Briefing)